Company Liquidation in Dubai

Company Liquidation Services in UAE:

With Al Riyadh group Accomplish the procedures of company liquidation in Dubai without extra efforts with Al Riyadh . Our experts are dedicated to handling every detail, ensuring a hassle-free experience for you

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Reasons For Liquidation of a Company

Mergers and Acquisitions

Types of Company Liquidation in Dubai

Voluntary Liquidation for solvent companies closing their operations

Compulsory Liquidation for companies that are insolvent or unable to meet their financial obligations or have got a court order for liquidation.

Importance of Proper Liquidation

To avoid future legal complications and ensure a smooth transition, proper liquidation is required, and that’s what our experts provide; they have deep knowledge of the proper steps that make this process transparent and straightforward

Key Steps in the Company Liquidation Process in UAE with Al Riyadh

Submitting a notice to the relevant authorities explaining the reasons for liquidation. Ratifying the Liquidation
Partners personally visit the concerned authorities to certify the liquidation decision
Announcing the initiation of the liquidation process through advertisements in local Dubai newspapers
Securing necessary approvals from related departments to ensure a smooth process
Preparing and submitting a final liquidation report by a qualified auditor in Dubai

License Cancellation

License cancellation is a critical step in liquidation and varies by company type. Al Riyadh ensures a smooth process, handling all requirements. For sole proprietorships and establishments, the license is canceled through the Department of Economic Development. We assist in obtaining approvals from:

Ministry of Human Resources and Emiratisation

General Directorate of Residency and Foreigners Affairs

Landlord or leasing entity

Relevant government authorities (if applicable)

Required Documents for Company Liquidation in the UAE

To successfully complete the company liquidation process, Al Riyadh guides you through the submission of essential documents to the relevant government authorities which include:

Original trade license of the company

Memorandum of association and its amendments (if any)

Certificate of incorporation and share certificates

Lease agreement

Company resolution for dissolution and liquidation, and partners’ resolution stating no liabilities

What can Al Riyadh Do in Company Liquidation in the UAE?

The following steps are our proven methods for company liquidation in the UAE:

Providing legal and financial consultation
Assisting in the preparation and completion of all required documents
Coordinating with relevant government authorities
Managing the liquidation announcement and publishing required notices in local newspapers
Supporting the liquidation of assets and the settlement of debts and other financial obligations. Guiding the distribution of remaining assets per the company’s bylaws and applicable laws
Offering post-liquidation support

Al Riyadh guides you every step of the company liquidation process, helping you overcome the complex procedures. Get in touch with us now and ensure a smooth, efficient liquidation handled by our expert team

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